Pacific Gas and Electric Corporation

Pacific Gas and Electric Corporation reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 4,621 Kt (+501/+12% y-o-y). Carbon intensity also increased marginally to 224 t (+0.8/+0.4% y-o-y).

Pacific Gas and Electric Corporation's Scope 3 emissions increased to 44,852 Kt (+1,899/+4.4% y-o-y). This is a higher growth rate than over the period since 4Q'19 (+2.7% CAGR).

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2015, which translates into the estimated reduction of -178 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.